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SANTA MONICA, Calif.–(BUSINESS WIRE)–TrueCar, Inc. (NASDAQ:TRUE)
announced the winners of its 1st annual Pre-Owned Value Awards (POVA),
ranking Toyota and Infiniti as the top Mainstream Brand and Premium
Brand, respectively. This new award, which is powered by ALG, TrueCar’s
analytics division and the benchmark for future vehicle values,
identifies used vehicles that represent excellent value for consumers
based on future resale retention.

POVAs recognize pre-owned model year 2014 vehicles across 27 segments
available for resale in 2016 that are expected to retain the highest
percent of their value over the next three years. The awards will be
presented to automakers this week at the New York International Auto
Show.

“The range of high-quality products re-entering the market as pre-owned
vehicles grows ever more impressive year by year as automakers are
paying more attention to small details that help preserve the resale
value of a vehicle,” said Jim Nguyen, TrueCar EVP and general manager of
ALG. “This award is designed to identify used vehicles that will hold
the highest percentage of their value over the next three years. For
potential used car buyers, unlocking value is an important part of the
purchase consideration, and as Certified Pre-Owned programs expand,
consumers will benefit from the improved quality and reliability offered
as a result of these refinements.”

Among premium brands, Infiniti’s robust CPO program, with transferable
warranty coverage, places it above the pack. The QX60 premium midsized
utility, a volume leader for Infiniti, also ranked top in its segment.

Toyota’s top ranking among Mainstream brands is no surprise as it led
the field with seven awards across both car and truck segments with
vehicles including the popular Camry sedan, recently discontinued FJ
Cruiser utility vehicle and segment-leading Tacoma midsize pickup. The
Tacoma was also one of four award winners to win a 2015 ALG Residual
Value Award for the 2016 model year, which recognizes vehicles that
retain the highest percentage of their Manufacturer’s Suggested Retail
Price (MSRP) after a three-year period. Toyota’s full-size Sequoia
utility vehicle also received both awards.

The other vehicles to win both awards are the Mercedes Sprinter van and
the Mini Cooper Hardtop compact car.

Ford and Hyundai were each honored with three awards. Ford was the
leader among truck segments with the F-150 full-size pickup, Edge
crossover utility and Transit Connect van. Hyundai’s Tucson crossover,
Equus premium full-size sedan and Genesis sedan were each top performers
in their respective categories.

Award winners are determined through careful analysis of used vehicle
performance, brand outlook and product competitiveness. Eligibility for
a brand award requires a manufacturer to have vehicle entries in at
least four different segments. To account for differences across trim
levels, model averages are weighted based on percentage share relative
to the entire model line.

Below is the full list of 2016 POVA winners:

POVA Overall

Brand

Mainstream

Toyota

Premium

Infiniti

POVA Segment

Model

Alt-Fuel

Toyota Prius c

Compact

Toyota Corolla

Compact Utility

Hyundai Tucson

Full-size

Nissan Maxima

Full-size Commercial

Mercedes Sprinter

Full-size Pickup

Ford F-150

Full-size Utility

Toyota Sequoia

Microcar

Chevrolet Spark

Midsize

Toyota Camry

Midsize Commercial

Ford Transit Connect

Midsize Pickup

Toyota Tacoma

Midsize Utility 2nd Row Seating

Ford Edge

Midsize Utility 3rd Row Seating

Kia Sorento

Minivan

Nissan Quest

Off-Road Utility

Toyota FJ Cruiser

Premium Compact

MINI Cooper Hardtop

Premium Compact Utility

BMW X3

Premium Executive

Hyundai Equus

Premium Full-size

Hyundai Genesis

Premium Full-size Utility

Toyota Land Cruiser

Premium Midsize

Volvo S60

Premium Midsize Utility 2nd Row Seating

Mercedes M Class

Premium Midsize Utility 3rd Row Seating

Infiniti QX60

Premium Performance

Nissan GT-R

Sportscar

Dodge Challenger

Subcompact

Mazda Mazda2

Subcompact Utility

MINI Cooper Countryman

About TrueCar

TrueCar,
Inc. (NASDAQ: TRUE) is a digital automotive marketplace that provides
comprehensive pricing transparency about what other people paid for
their cars and enables consumers to engage with TrueCar Certified
Dealers who are committed to providing a superior purchase experience.
TrueCar operates its own branded site and its nationwide network of more
than 11,000 Certified Dealers also powers car-buying programs for some
of the largest U.S. membership and service organizations, including
USAA, AARP, American Express, AAA and Sam’s Club. Over one third of all
new car buyers engage with the TrueCar network during their purchasing
process. TrueCar is headquartered in Santa Monica, California, with
offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com.
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About ALG

Founded in 1964 and headquartered in Santa Monica, California, with an
office in Toronto, Ontario, ALG is an authority on automotive residual
value projections in North America. By analyzing nearly 2,500 vehicle
trims each year to assess residual value – which is mainly driven by
used car inventory, brand strength, macroeconomic conditions, incentive
spending and pricing – ALG provides auto industry and financial services
clients with resale insights, forecasts and consulting services about
the future vehicle marketplace. ALG, owned by TrueCar, Inc., the
negotiation-free car buying and selling platform, has been publishing
residual values for all cars, trucks and SUVs in the U.S. for over 50
years and in Canada since 1981.